Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the denominator used in the calculation of basic and diluted earnings (losses) per share is as follows (in thousands, except per share data):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2018		2017		2018		2017
Basic earnings (losses) per share:
Net earnings (losses)	$	3,620	$	(282)	$	4,758	$	(1,142)

Weighted average number of shares outstanding – Basic	4,218		4,218		4,218		4,218

Basic earnings (losses) per share	$	0.86	$	(0.07)	$	1.13	$	(0.27)

Diluted earnings (losses) per share:
Net earnings (losses)	$	3,620	$	(282)	$	4,758	$	(1,142)

Diluted weighted average number of shares outstanding:
Common shares	4,218		4,218		4,218		4,218
Restricted stock unit awards ⁽¹⁾	—		—		—		—
Performance share unit awards ⁽²⁾	—		—		—		—
Total	4,218		4,218		4,218		4,218

Diluted earnings (losses) per share	$	0.86	$	(0.07)	$	1.13	$	(0.27)

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(1) The dilutive effect of restricted stock unit awards for the three and six months ended June 30, 2018 is de minimis.

(2) Performance share awards will be included in the calculation of diluted earnings per share when the performance conditions have been achieved.